But the buck surged against the euro, yen and pound Friday after a stronger-than-expected jobs report.

Analysts now expect the Federal Reserve to raise its benchmark interest rate, which would be the first increase in eight years, in mid-2015.

Last month, a drop in hourly wage growth caused traders to second-guess expectations of a midyear hike, said Matthew Weller, senior technical analyst at Forex.com. But this month’s data was much stronger than even the most optimistic forecasts.

Hourly wages increased by 0.5% in January, the strongest growth since November 2008.

“There is no other way to describe it: this was a perfect jobs report, across the board. If these gains are maintained moving forward, a June rate hike from the Federal Reserve is absolutely on the table and may even be the preferred scenario if inflation shows signs of ticking higher,” Weller wrote Friday in a research note.

The dollar
USDJPY, +1.10%
soared to ¥119.17 after the report, its highest level against the Japanese currency in a month. It traded at ¥117.54 late Thursday in New York.

The euro traded
EURUSD, -0.7441%
at $1.1315 after surrendering all of its massive gains from Thursday’s session. The shared currency traded at $1.1467 Thursday evening.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information. Intraday data
delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc.
All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More
information on NASDAQ traded symbols and their current financial status. Intraday
data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM)
from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is
at least 60-minutes delayed. All quotes are in local exchange time.